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Residential Real Estate In Toronto

Residential Real Estate In Toronto

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Title: Residential Real Estate In Toronto

Essay Details:

Subject: Miscellaneous

Author: Emily L

Date: October 15, 2015

Level: University

Grade: B

Length: 5 / 1248

Essay text:

Because of this situation of high demand and a narrow to low excess supply, the pricing for housing is considerably increasing... Consumers are out bidding each other’s offers driving up the selling price higher and higher. This demand has made a historical impact on the re sale market because sales and demand are hitting all time highs, consumers are desperate to purchase, but unfortunately the homes are not readily available. Interest Rates You are getting ‘more bank for your buck’ as some people would put it; mortgage interest rates are lower than they have ever been in 30 years. This is a large factor when it comes to purchasing a home because it greatly increases the affordability of homes to the average person...

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